AnyMind Group has agreed to acquire the entire stock of Indonesian-based eDistributor eCommerce enabler PT Digital Distribusi Indonesia (DDI). This is the group’s first acquisition in Indonesia and comes as the two companies see mutually aligned business capabilities and goals.
Indonesia-headquartered courier startup J&T Express has announced that it will acquire Shenzhen Fengwang Information Technology Co., Ltd. (Fengwang Information), the owner of Chinese e-commerce logistics provider Shenzhen Fengwang Express Co., Ltd. (Fengwang Express), for $170.09 million.
Funding to Latin American startups plunged in the first quarter of 2023, hitting the lowest point in over two years amid a continued sharp contraction in late-stage dealmaking. Overall, investment in reported seed through growth stage financings in Q1 was down 84% from the year-ago quarter, per Crunchbase data. That puts Central and South America, which just over a year ago ranked as the fastest-growing startup investment region in the world, on the short list for the fastest shrinking.
Google lashed out at the Department of Justice’s threat to break up the company, calling the proposals “radical.” Among other things, Google says the proposals would threaten users’ privacy, stifle innovation and break Android and Chrome. Given the appeals process, it will likely be years before we know whether Google will stay in one piece.